Datum is the decentralized marketplace for social and IoT hard times tokens for sale. Powered by Ethereum, BigchainDB and IPFS.
Impervious to hackers and under the control of no one entity but its owner, this data can be shared as much or as little as one likes. Even if you envision each grain of sand being the most powerful supercomputer it would take three times the age of the universe to break that encryption. Datum goes beyond user data and into big industries such as health and niches such as smart car data. If a company like Facebook doesn’t pivot and create a more decentralized environment, then they will be disrupted just like the VC industry has been. Datum is a decentralized and distributed high performance NoSQL database backed by a blockchain ledger.
This technology allows anyone to securely and anonymously backup structured data from social networks, wearables, smart homes, and other IoT devices. Datum provides a marketplace where users can share or sell data on their own terms. DAT token fee to store it in the network. Data is encrypted under usage terms, anonymized and sent to the network. Storage node miners save and transmit the encrypted data, earning DAT tokens for it. Smart contract initiates off-chain key exchange to release data under data owner’s terms.
Buyers acquire data in exchange for DAT tokens that are payed back to the data owners. End users do not need to interact with complicated wallets, instead Datum provides a simple to use mobile app. Share Ability to share data with non-profit entities such as researches. They make money off your data while you get nothing in return. Its really a backwards system and Datum is looking to help put that power back in the hands of the people. This technology allows anyone to backup structured data like social network data, data from wearables, smart home and other IOT devices in a secure, private and anonymous manner.
Insurers, pharmaceuticals, and academic researchers are frequent buyers of health data for research purposes. This data can be used by companies, financial analysts, hedge funds etc. It’s for anyone with data to sell to buyers. For example, Company A collects data from satellites, normalizes it, and re-sells it to various buyers. Datum provides Company A a marketplace to find new customers as well as the technical infrastructure to charge and bill for their datasets. All built-in to the Datum blockchain database and ecosystem. They are interested in purchasing shoppers’ location data from their phones to enrich their in-store data with behaviors before and after the visit.
Now they have mountains of data from the smart home gateways of all the homes, but they do not know how to unlock the value that lies in this data. Poor farmers in developing countries can not afford to pay for soil analysis on their own. Several NGOs already provide free fertilizer mix analysis but they need data. Using the Datum App, people are incentivized to enter soil sample measurements and make it available for NGOs to process. At Datum we have one focus – Creating a viable data marketplace to start returning value to token holders in the shortest time possible. Meanwhile development of the Datum test network continues. At this point the Datum Network will consist of the decentralized Storage Layer, the Datum App, Open API’s to submit and consume data and a full fledged trading system.
The Presale for the DAT Token starts, DAT allows users to participate in the new data economy. Datum releases tech preview of the Datum app and marketplace. Our team has over 100 years experience building large scale data processing and management systems. We are based in Switzerland, Singapore and Hong Kong and combine the best of these worlds: Swiss Quality with Singaporean efficiency and Hong Kong’s Dynamism. Serial Entrepreneur, 17 years experience in big data systems.